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250k Velocity Points offer – our experience

250k Velocity Points offer – our experience

  1. ozbird

    Hi, new to the forum, but love your site. Thought I would share our experience with an Australian bank as we enter into their offer for a whopping 250 thousand Velocity points for those wishing to take out a new home loan, or refinance an existing one (like us).
    This is a huge commitment I know, much bigger than a credit card, so I am hoping to give others Aussies a perspective of the process. The offer has not been widely publicised in media but so far, their communication, product knowledge and enthusiasm has been pretty good. I am nervous at the prospect of signing the next two decades away for some silly points, but yes folks – I am THAT superficial….
    Their linked credit card also boasts 60,000 points and I am going to ask if that comes on top or whether it is included in the quota.
    Wish me luck!

  2. PhatMiles

    Welcome to the forum [USER=1473]@ozbird[/USER].
    Thanks for sharing the info.
    I am in the US and will not be applying for any of these.
    Still out of curiosity – would you mind shedding some light on “Velocity Points”? I am interested to know about what are they useful for? How much are they worth? etc.

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